Uruguay: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Uruguay

In 2023, the Uruguayan cattle hide and skin market increased by X% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Uruguay

In value terms, cattle hide and skin production skyrocketed to $X in 2023 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Cattle hide and skin production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

In 2023, the average yield of raw hides and skins of cattle in Uruguay dropped to X kg per head, which is down by X% on 2022 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head, and then shrank in the following year.

In 2023, approx. X heads of animals slaughtered for cattle hide and skin production in Uruguay; with an increase of X% compared with the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. As a result, the number of animals produced attained the peak level of X heads. From 2022 to 2023, the growth of this number failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Uruguay

In 2023, shipments abroad of raw hides and skins of cattle decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, cattle hide and skin exports reduced dramatically to $X in 2023. Overall, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for cattle hide and skin exports from Uruguay, with a X% share of total exports. Moreover, cattle hide and skin exports to Brazil exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Turkey (X% per year).

In value terms, Brazil ($X), China ($X) and Turkey ($X) were the largest markets for cattle hide and skin exported from Uruguay worldwide, with a combined X% share of total exports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average cattle hide and skin export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Turkey ($X per ton), while the average price for exports to Brazil ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Uruguay

In 2023, cattle hide and skin imports into Uruguay shrank to X tons, waning by X% compared with 2022 figures. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports declined to $X in 2023. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Brazil (X tons) was the main supplier of cattle hide and skin to Uruguay, with a approx. X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Brazil amounted to X%.

In value terms, Brazil ($X) constituted the largest supplier of raw hides and skins of cattle to Uruguay.

From 2012 to 2023, the average annual growth rate of value from Brazil stood at X%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Ireland amounted to X% per year.

Source: IndexBox Platform